Families use them for birthdays, anniversaries, graduations, and other occasions. Stay-at-home moms and office employees looking to earn extra income from home. IDEA. Party materials, such as hats, loot bags, and balloons are cheap and available wholesale. E-commerce has opened a lot of online business opportunities that you can manage in the comfort of your own home. It requires minimal investment, too. Convenience stores are sprouting everywhere, but sari-sari stores still rule the neighborhoods because Pinoys prefer to buy in. Making Roads through Plastic. The challenge of finding qualified transcriptionists with a medical background plus fast and accurate transcribing skills. Do you want to start a retail store online with little money? If you can’t walk, then crawl, but by all means, keep moving.”. Caregiver home service ensures having a licensed health care practitioner who can check up an elderly at specific hours of the day. Kasambahays who have saved enough capital to, Easy business to start with a low startup cost, The challenge of finding your first clients, especially if you’ll target commercial clients. To establish a money changing business, you must have a good, visible location. Can partner with other pet businesses like pet shops and veterinary clinics. However, it doesn’t mean others can no longer join the bandwagon. 1. Need to invest in expensive equipment like a generator to prevent the meat from spoiling during power outages. Tedious and time-consuming food preparation. Through a PisoNet business, you can offer. It can be initiated on a medium scale or small scale basis. Quick preparation with commercial ice cream makers. Ever considered becoming a full-time professional blogger? services. If you are a certified instructor in your martial arts field, this can be a lucrative business opportunity for you. They’re looking for an accessible gym with affordable rates where they can work out to stay fit. The roof and faucets can get leaky. READ: How to Start a Bakery Business in the Philippines. If you have a good command of the English language and are well-versed in punctuation and sentence construction, transcription can be the business for you. When I first heard this idea, I thought it’s just a funny thing. Think of the last Christmas and write down the names of people who have complained to you about the hassles of shopping. Ideal for: Fashion lovers with good negotiation skills (when dealing with haggling customers) and an eye for saleable pre-owned garments in good condition. New entrepreneurs and former taxi or ride-hailing drivers. Restaurant Business Cons: Challenge of providing higher-quality services when you have a lot of competitors in your area. Shopping for the rich and famous—such as celebrities, socialites, tycoons, and executives who are too busy to shop—can earn you good money. But you can always start anywhere you are. It is shocking to note that in this day and age of online businesses; only 53% of small-scale enterprises own a website. Monthly net profits range from Php 20,000 to Php 60,000+. And by now you probably already know… one of the lowest cost (and most attainable) business ideas you can start working on right now is launching a blog of your own. Around Php 1 million for a franchised business. Ideal for: Anyone with passion, skills, and experience in pizza business operation. Why it’s a profitable business: Drones are expensive, especially popular brands. Growing processed meat consumption in the Philippines that raises the demand for easy-to-cook products like longganisa, tocino, tapa, hotdog, and ham. In this day and age of fast-paced lifestyles, many working professionals turn to spa and massage centers to relieve stress and body pains. Caterers are among the most sought-after suppliers for this purpose. Other popular booths include tattoo, face painting, caricature, and video gaming booths. Sales range from Php 10,000 to Php 40,000+ per month. Ideal for: Enterprising Pinoys with knowledge in graphic design and operating printing equipment, Cons: Risk of reduced productivity and sales when printing equipment fails to work. For example, if there’s only one water refilling business in your place, one that can only serve half of the community, you should explore the possibility of opening another one to establish equilibrium in the supply-demand scale. READ: How to Start a Pizza Business in the Philippines. We categorized every business idea according to their type, investment and potential. Business growth potential: Start selling in small quantities and later on produce bigger quantities and sell them to resellers and distributors for higher profits. If you’re passionate about showcasing the beauty and interesting stories of the different attractions in your area, you can build a financially and emotionally rewarding business as a private tour guide. Think again. However, clients will be more than willing to pay extra for the convenience. High demand for software/app developers in the Philippines. You don’t just choose a business idea because you like it, you choose it because there’s a demand for it. In addition to day care services, there is also a market for tutorial services for children. Top Posts. Occasional repairs needed to fix any damaged costume due to customers’ negligence. There’ll always be buyers regardless of price movements. By choosing from the best business ideas in the Philippines that fit your values and market, you already have the battle half-won. Street food enthusiasts with limited startup budgets. Ideal for: People with expertise in styling, excellent communication skills, people skills, and a network. Here we have compiled a list of the 75 best business ideas you can start tomorrow. Guitar teachers charge from Php 8,000 to Php 15,000 per 12 lessons (one hour each). On average, personal trainers earn more than Php 1,000 per session. Need to invest in a vehicle or outsource a third-party service for daily meal deliveries. Why it’s a profitable business idea: Computer troubles due to viruses, malware, or mechanical wear happen to everyone. Entrepreneurs who can find an ideal location (like a commercial space or market stall) for selling meat. This will create a demand for generators for retail or lease. Best Online Business Idea: Start a Profitable Blog. Ideal for: Makeup artists and enthusiasts who want to earn money from their passion for cosmetics. To get a good, high-intensity workout, all you need are mats, strength bands, medicine ball, kettle bells, and a lot of dedication! Why it’s a profitable business idea: The government’s public utility vehicle (PUV) modernization program is a controversial issue in the Philippines—with transport groups protesting its implementation due to the high cost of e-jeepneys. Make life easier for them by setting up a fruit and vegetable stand in your neighborhood. Most of your small business investment will go into networking activities. No wonder because Pinoys love keeping their photos as keepsakes. For many people, photography is an art and passion. b. Most of these depression-related incidents involved young people averaging 24 years of age. Although economic activity slowed during the 2020 Covid-19 pandemic period, stimulus measures, imminent public sector policies and a larger budget are expected to create jobs, generate growth and help kick-start the country’s recovery during 2021. It’s also easy to attract customers via social media and word of mouth. There’s a market for interior designers in the Philippines—homeowners, entrepreneurs, and companies hire an interior designer to plan and decorate their spaces. iii. How do I register a business in the Philippines? Product industries are mainly about manufacturing and selling products. Ideal for: Experienced medical transcriptionists who want to set up their own business in the same field. Why it’s a profitable business: There’s a market for guitar lessons in the Philippines. Your salon business can be a lucrative one if you’re able to satisfy customers with your topnotch-quality services. The Philippines is considered one of the top outsourcing destinations in the world for medical transcription services. This is another business that has survived the test of time because Filipinos love to party! Setting up an online business does not require a large investment. Are you aware that 100,000 dust mites can populate 1 square yard of carpet material? Why it’s a profitable business: Siomai is among the easiest businesses to set up in the Philippines. Need to be trained and licensed as a dance instructor first before teaching dancing lessons. The increasingly unpredictable and chaotic business environment results in the need for leaders to step up and navigate businesses through turbulence and turmoil. Even with tight competition, water refilling stations enjoy a steady income. Prone to pest infestation and early spoilage if storage is in poor condition. Making and selling liquid detergents for home or commercial use can be a lucrative business that provides a cheaper alternative to expensive liquid detergent brands. ️ Statistics show that businesses that blog generate 126% more leads. You may not alter or remove any trademark, copyright or other notice from copies of the content. Cons: Highly specialized niche; difficulty finding clients when you’re starting out unless you already have referrals. Ideal for: Music Education graduates or those who are highly skilled in playing guitar with good communication skills. And that these allergens are made of excreted dead skin fragments and hair follicles? Cons: Occasional repairs needed to fix any damaged costume due to customers’ negligence. Or you can target commercial clients, providing services to offices, schools, and malls. Just visit the local distributor of Smart, Globe, and Sun in your area and buy your SIM retailer card. Stay-at-home moms, college students, full-time employees, and anyone looking to earn extra income from selling products online. 15 Small Business Investment Opportunities in Philippines 2021 1. Low capital with a high-income potential (creating your own food cart). 2. Nothing beats a professionally shot image even in the age of selfies. The ... 2. High-end department stores also hire personal shoppers to provide services for their premium clients. v. Trading industries include the sari-sari store and other businesses that profit through a simple buy-and-sell transaction. There are plenty of good reasons to start a business this 2020, especially if you have the skills, the opportunity, and the resources needed to do start something new. Why it’s a profitable business: Ready to take your sari-sari store to the next level? Ideal for: New entrepreneurs who are willing to work long hours to maximize profits. No wonder because Pinoys love keeping their photos as keepsakes. Even hobbies as obscure as collecting old toys may also profit from a buy-and-sell business model. All you need are a computer, Internet service, and a work area that inspires creativity. If you get your customers’ trust, you’ll enjoy repeat business from them. 4. Ideal for: Anyone with the passion and patience for running a processed meat business. Politicians need them for their campaign ads and banners every election. It presents little risk because preserves last a long time. If not, get a partner whose village allows home-based businesses or rent a small space with limited seating. This quaint shop that sells almost everything—from laundry detergents to favorite snacks—has been part of our daily lives for a long time. Why it’s a profitable business: Take advantage of the Filipinos’ tingi culture and obsession with smartphones and social media by opening a Piso Wi-Fi business that provides affordable internet access. Save my name and email in this browser for the next time I comment. This top future business idea 2020-2030 is large-scale. There has been a boom in virtual assistant (VA) companies in the Philippines because of the growing demand for Filipino VAs. Some are paid to mention or review a certain product on YouTube. Hyundai Trucks and Buses Philippines is ready to help with special deals from its New Year’s ReSolutions roster. Unless carpets are cleaned regularly, a home can become hazardous to health. Venus Zoleta is an experienced writer and editor for over 10 years, covering topics on personal finance, travel, government services, and digital marketing. Longer product shelf life (due to preservation methods) than unprocessed meat. Ideal for: Cycling enthusiasts and anyone knowledgeable on bike operation and repair who can find a suitable location near a biking destination, Cons: Risk of bike rental inventory loss from damaged bikes due to accidents or careless renters. It’s also lucrative, especially for entrepreneurs who offer top-selling goods such as gadgets, clothes, and beauty products. Php 50,000 (home-based) to Php 250,000 (franchise). Sell old books, textbooks, comics, magazines, romance novels, pocketbooks, and any reading materials. The challenge of making clothes in a broad range of sizes available. Required fields are marked *. 10 Small Capital Business Ideas for the Young Entrepreneurs; 13 Business Ideas in the Philippines to try in 2021; 5 Money-Making Online Business Ideas You Can Start In Your Free Time; 5 Small Capital Business Ideas That Turned Into Millions; 5 Things to Consider When Turning Your Knack for Remodelling into a Home Renovation Business It doesn’t require a fitness background or sports science degree. If you’ve been working for the last few decades, have strung up a long list of accolades, achievements, and have built a strong, solid reputation for developing businesses, it may be time to share your expertise with others. Professional dance instructors are usually booked for events such as birthdays, weddings, and private parties. Simple ingredients and recipes for homemade ice cream. As a newly industrialized country, the Philippines is still an economy with a large agricultural sector; however, services have come to dominate the economy. Ideal for: Office-based web developers who want to become full-time freelancers. 1. Soap making can be a lucrative business, especially when you receive bulk orders from stores for reselling or corporate clients for giveaways. Are you interested in starting a business in Philippines? Pizzerias offer customers convenience, which is why Filipinos often order pizza for parties, family and barkada gatherings, and corporate meetings. Mention or review a certain product on YouTube an internet cafe increase their household income drones are,. Monthly net profits range from Php 1,000 daily training to set up convenience... The network to land clients sponsor product the day, the goal of business! Earnings can go up to 68 % profit per plant fashion sense who want to become freelancers. 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